We Could See 26 Million New Bitcoin Investors by the End of 2017

Nick’s Note: There is a new development in bitcoin that you need to know about. Institutional money is about to start pouring in, and that’s very bullish for bitcoin. My colleague Nick Rokke has the full story, including details that you probably won’t see anywhere else…

Fidelity Investments is about to create 26 million potential bitcoin buyers…

Fidelity is the fifth-biggest asset management firm in the U.S. The firm has $2.3 trillion under management.

On the outside, it looks like any traditional financial services company…

It runs a brokerage firm. It manages mutual funds. It provides investment and retirement advice. And it offers life insurance.

Your company may even use Fidelity’s payroll services.

But here’s something that the firm’s 26 million individual investors might not realize…

A growing portion of those $2.3 trillion in assets are coming from bitcoin…

Fidelity allows its 40,000 employees to buy coffee or lunch in the company’s cafeteria with bitcoin. That’s all fine and dandy. But what really caught our attention was this…

Johnson says Fidelity recently opened a bitcoin mining operation. And it’s turning a profit. Johnson’s own words, per the online magazine Quartz:

I’m one of the few standing before you today from a large financial services company that has not given up on digital currencies. We set up a small bitcoin and Ethereum mining operation… that miraculously now is actually making a lot of money.

This is just the latest bullish news for bitcoin. Here’s why…

The first bitcoin miners were computer geeks living in their parents’ basements.

Fidelity’s entry into the crypto mining space suggests that institutional money is not far behind and that’s bullish for bitcoin.

But that’s not the only bullish signal we’ve noticed…

Buried under that news was an even bigger story… about millions of potential new bitcoin buyers… It’s a story you won’t hear anywhere else.

The Floodgates Are Opening

It’s no big secret that we’re fans of cryptocurrencies at The Palm Beach Daily.

Bitcoin is up 1,244% since our very own Teeka Tiwari recommended it in April 2016. And Dash is up 950% since Teeka mentioned it on February 26.

And that’s before institutional money started to take notice…

I told you in August that dozens of hedge funds are entering the cryptocurrency market. Once these funds are set up, billions of capital will follow them.

As I wrote then:

These funds were early backers of social media companies like Facebook, LinkedIn, and Twitter… They’ve multiplied their money 100 times or more on these investments.

When these guys make investments, we should take notice.

Fidelity is just the latest example of this. And here’s why you should take notice today…

A New Pool of Bitcoin Buyers

In addition to its bitcoin mining operation, Fidelity will now allow its clients to see their cryptocurrency assets on the company’s website.

Fidelity began testing the new service in August. The company has partnered with cryptocurrency exchange Coinbase to make the feature available.

Fidelity customers must already have a Coinbase account to take advantage of the service.

This huge news has been flying under the radar…

Coinbase is the country’s largest bitcoin exchange. It has nearly 11 million users.

Remember, Fidelity has 26 million individual investors. And more than 40,000 employees. That’s more than double the number of current Coinbase users.

Fidelity’s entire investor base will now have potential access to the country’s largest bitcoin exchange. That makes them all potential bitcoin buyers.

Of course, we’re not saying all 26 million will use this feature. But if just a small percentage do… that will be a flood of new customers.

So, now’s a good time to get in… ahead of all those potential new buyers.

Editor’s Note: At 8 p.m. on November 2, Nick will be joining colleague Teeka Tiwari for his special 90-minute emergency briefing.

Teeka’s so bullish on bitcoin that he’s buying $1 million worth and giving it away as part of this event. He’s calling it “The $1 Million Dollar Bitcoin Giveaway.” Everyone who attends will have a chance to claim their portion of this money.

He’ll also be bringing on a mystery guest—one of the cofounders of the second-most popular cryptocurrency in the market. And he’ll reveal the name of “the next big thing in cryptocurrencies.”

Teeka’s giving away a lot of his best training material for free. So even if you’re not sure cryptocurrencies are for you, we urge you to sign up just to get all the free material, and see what you think. You can register right here.

Regards,

Nick Rokke, CFA Analyst, The Palm Beach Daily

P.S. At 8 p.m. on November 2, I’m joining my colleague Teeka Tiwari for his special 90-minute emergency briefing.

Teeka’s so bullish on bitcoin that he’s buying $1 million worth and giving it away as part of this event. He’s calling it “The $1 Million Dollar Bitcoin Giveaway.” Everyone who attends will have a chance to claim their portion of this money.

He’ll also be bringing on a mystery guest—one of the cofounders of the second-most popular cryptocurrency in the market. And he’ll reveal the name of “the next big thing in cryptocurrencies.”

Teeka’s giving away a lot of his best training material for free. So even if you’re not sure cryptocurrencies are for you, I urge you to sign up just to get all the free material, and see what you think. You can automatically register right here.